In the world of crypto, few names generate as much interest—or confusion—as Elon Musk. Tesla and SpaceX CEO Musk's Twitter posts have notoriously sent cryptocurrencies soaring or crashing, and his public musings about Bitcoin and Dogecoin are the stuff of legend.
But in June of 2025, a new wave of speculation washed over the crypto space: that Musk would be investing a whopping $104 billion into Ripple's XRP. The news spread like wildfire, causing people to discuss it, causing prices to fluctuate, and creating a flurry of social media posts.
But is this rumor genuine, or is this yet another example of crypto's rumor mill gone wild?
The Beginning of the Musk-XRP Rumor
The latest craziness began when certain crypto news aggregators and social handles started sharing headlines asserting Elon Musk wasn't just interested in XRP, but was going to invest a mind-boggling $104 billion in the token.
Others even cited "insider sources" or stated leaked documents suggested Musk's intention to use XRP as the basis for his payment strategies on X (formerly Twitter) or Tesla.
Musk rumors are discredited fact-checked by reputable crypto news outlets shortly after. There is no such valid information, Crypto Times says, that Musk plans or has invested in XRP. The $104 billion, in particular, appears to be a hoax, most likely stemming from previous speculations or misinterpreted tweets.
“There is no official confirmation, filing, or credible report that Elon Musk is investing $104 billion—or any sum remotely close—into Ripple’s XRP.”
— Crypto Times, June 2025
Why Do Musk Rumors Move Markets?
Elon Musk's influence on crypto markets is the stuff of legend. His tweets about Bitcoin's energy usage, to mention just one example, have wiped out billions in market cap overnight. His fondness for Dogecoin turned a meme coin mainstream. So when rumor associates Musk with a new token or initiative, traders and bots react instinctively, sometimes before verifying the information.
The XRP rumour was not unique. Within hours, #ElonMuskXRP was trending on Twitter, and leveraged trading volume exploded. Some XRP traders were celebrating, while others insisted on a normal "buy the rumor, sell the news."
Fact Check: What's Actually True?
- No Official Investment: No SEC filing, company press release, or credible source confirms any Musk investment in XRP.
- No Public Endorsement: Elon Musk has never tweeted about XRP, nor has he publicly endorsed Ripple or its token anywhere in recent history.
- Viral Rumor Misinformation: The $104B figure also appears to be recycled rumor fuel, promoted by social media algorithms and clickbait headlines.
Crypto Times and other mainstream publications enhance the importance of skepticism and research, especially when rumors involve celebrity figures like Musk.
Why XRP Still Matters—With or Without Musk
Despite the false rumor, XRP remains one of the most widely traded cryptocurrencies on the planet. Ripple's aggressive expansion to grow its On-Demand Liquidity network, achieve regulatory clarity, and work with banks maintains real-world adoption momentum. The Musk rumor, as false as it may be, did serve to highlight just how quickly sentiment can shift—and just how much attention XRP continues to attract.
Conclusion
The Elon Musk-XRP saga is the ultimate text book demonstration of what happens when rumors, hype, and Twitter converge in crypto. While the idea of a $104 billion investment was great copy, reality—the way it so often does in crypto—was much less dramatic. For investors and hobbyists alike, the lesson is straightforward: make sure to check your facts before you FOMO, and let's face it here, the world of digital assets is one where not everything that's trending is real.
